This is broken. Fed buying junk and it’s still broken. Almost back to levels prior to the announcement.

https://twitter.com/Simple_Trends/status/1253446395215953921

https://twitter.com/RealTianZeng/status/1253726965070270467

https://twitter.com/tyler_bryant/status/1253531527574507520

https://twitter.com/NorthmanTrader/status/1253325114013151233

Longer term HYG risk proxy and S&P 500 are now back after massive Fed backed move. Interesting that HYG is trending down while Spooz are running higher. Careful peeps. pic.twitter.com/0fvIcnj335

— Gubb (@gubbmintcheese) April 24, 2020

https://twitter.com/jtepper2/status/1253564461308403712